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Bahrain’s Elaf Bank Wins Islamic Bank License in Malaysia (1)

15/06/2011 11:23:08 AM GMT   Comments ()     Add a comment   Print     E-mail to friend

Elaf Bank B.S.C., a closely held lender in Bahrain, won an international Islamic bank license in Malaysia that will allow it to conduct Shariah-compliant business in foreign currencies.

“Elaf Bank’s presence will further strengthen the economic and financial linkages between Malaysia and Bahrain,” the Southeast Asian nation’s central bank said in a statement in Kuala Lumpur today. The lender won’t be allowed to handle ringgit-denominated transactions, it said. Wire External Story - Read full article here is not responsible for the content of external internet sites

Source: AJP

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